Diamant Asset Management Inc. Has $737,000 Stock Holdings in Reynolds Consumer Products Inc. (NASDAQ:REYN)

Diamant Asset Management Inc. decreased its holdings in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) by 17.2% during the 4th quarter, Holdings Channel reports. The firm owned 27,292 shares of the company’s stock after selling 5,675 shares during the quarter. Diamant Asset Management Inc.’s holdings in Reynolds Consumer Products were worth $737,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its position in shares of Reynolds Consumer Products by 1.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 12,925,469 shares of the company’s stock worth $401,982,000 after buying an additional 137,083 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Reynolds Consumer Products by 17.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,781,815 shares of the company’s stock worth $49,859,000 after purchasing an additional 261,513 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Reynolds Consumer Products by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 572,862 shares of the company’s stock valued at $17,816,000 after acquiring an additional 6,065 shares during the period. Verition Fund Management LLC acquired a new stake in Reynolds Consumer Products in the 3rd quarter valued at $12,844,000. Finally, Olstein Capital Management L.P. increased its position in shares of Reynolds Consumer Products by 43.3% during the fourth quarter. Olstein Capital Management L.P. now owns 237,000 shares of the company’s stock worth $6,397,000 after acquiring an additional 71,624 shares in the last quarter. Institutional investors and hedge funds own 26.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on REYN. Barclays lowered their price target on Reynolds Consumer Products from $28.00 to $27.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. UBS Group reduced their price target on shares of Reynolds Consumer Products from $30.00 to $29.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Reynolds Consumer Products from $30.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, Reynolds Consumer Products has an average rating of “Hold” and an average price target of $30.86.

Reynolds Consumer Products Stock Performance

Shares of REYN stock opened at $27.96 on Tuesday. The stock has a market capitalization of $5.88 billion, a P/E ratio of 15.98 and a beta of 0.50. The company has a current ratio of 2.04, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. The firm’s 50 day moving average is $27.33 and its 200 day moving average is $28.79. Reynolds Consumer Products Inc. has a 12 month low of $25.88 and a 12 month high of $32.65.

Reynolds Consumer Products (NASDAQ:REYN) last posted its earnings results on Wednesday, October 30th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.01). Reynolds Consumer Products had a return on equity of 18.27% and a net margin of 10.03%. The company had revenue of $910.00 million for the quarter, compared to analysts’ expectations of $902.88 million. During the same quarter in the prior year, the company earned $0.37 EPS. The company’s revenue was down 2.7% on a year-over-year basis. On average, sell-side analysts anticipate that Reynolds Consumer Products Inc. will post 1.69 earnings per share for the current year.

Insider Activity

In other news, Director Helen Golding bought 1,190 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were acquired at an average price of $27.58 per share, with a total value of $32,820.20. Following the acquisition, the director now owns 1,190 shares of the company’s stock, valued at approximately $32,820.20. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Rolf Stangl purchased 3,682 shares of the business’s stock in a transaction on Thursday, December 19th. The stock was purchased at an average cost of $27.50 per share, with a total value of $101,255.00. Following the completion of the acquisition, the director now owns 10,889 shares in the company, valued at approximately $299,447.50. This trade represents a 51.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 12,079 shares of company stock worth $330,466 over the last ninety days. Company insiders own 0.20% of the company’s stock.

About Reynolds Consumer Products

Reynolds Consumer Products Inc produces and sells products in cooking, waste and storage, and tableware product categories in the United States and internationally. It operates through four segments: Reynolds Cooking & Baking, Hefty Waste & Storage, Hefty Tableware, and Presto Products. The Reynolds Cooking & Baking segment produces aluminum foil, disposable aluminum pans, parchment paper, freezer paper, wax paper, butcher paper, plastic wrap, baking cups, oven bags, and slow cooker liners under the Reynolds Wrap, Reynolds KITCHENS, and EZ Foil brands in the United States, as well as under the ALCAN brand in Canada and under the Diamond brand internationally.